Appraising in Delaware, the Blog...

No matter what stage of life, everyone has a vested interest in real estate. Right now, is a great time to buy. 

Investors:

• Investors with cash can pick up some real deals.  Here is a link to a report in Forbes from June 18th. http://www.forbes.com/forbeslife/realestate/2008/06/17/smart-foreclosures-profit-forbeslife-cx_mw_0617foreclosures.html
• Here is a link to an article from CNNMoney.com.  http://money.cnn.com/2008/06/24/real_estate/home_prices_CaseShiller_April/?postversion=2008062413

First Time Buyers - FREE MONEY!!!

• New programs are available to first time home buyers in Delaware.  Here is a link to the Delaware State Housing Authority's website with the qualification information. http://www.destatehousing.com/services/hb_sfmrb.shtml

Estates

• If you have or are planning an estate, make sure you know what your real estate portfolio is worth in today's market.

Give Appraising in Delaware a call for your next appraisal!  (302)424-7550

Looks like May saw some investors and firsttimers grabbing up deals.  Sales prices were down 6.3% from May of 2007 and existing-home sales rose 2%.  1/3 of the total number of sales in May were short or distressed sales.  Here is a great article from Market Watch.

http://www.marketwatch.com/news/story/existing-home-sales-rise-2-may/story.aspx?guid=%7BEE1CF54C-536D-4DC0-9B67-E9D23A1632AC%7D&dist=msr_6